Day: September 8, 2019

Finney, the world’s purportedly first blockchain-enabled smartphone, will soon be available for purchase in Bangladesh. According to a report by local newspaper The Daily Star on Sept. 9, the Bangladesh Telecommunication Regulatory Commission approved the phone for import in August and it will be available on the Bangladeshi market in October. Mobile Phones in Bangladesh Finney’s launch in Bangladesh comes amid a trend of growing smartphone ownership in the country. According to a 2018 report from global research firm GSMA Intelligence, by 2025, 75% of the population (138 million) will…

Brazil has seen a tumultuous week in the cryptocurrency industry. The tax agency announced that they are running out of funds, the Securities and Exchange Commision (CVM) claimed that Brazil is “broke,” the Central Bank of Brazil introduced a new instant payment system, and Cielo, Brazil’s largest credit card operator, is now accepting Bitcoin and crypto. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Brasil. Brazilian tax agency is running out of money Cointelegraph Brasil reported on Sept. 6 that Brazil’s…

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Ripple transfers 500 million XRP from its escrow wallet Ripple turned heads this week when data from Whale Alert suggested the fintech startup has transferred 500 million XRP tokens from its escrow wallet — funds worth $130 million. This isn’t the first time that the…

Sunday, Sept. 8 — The price of Bitcoin (BTC) is holding around the $10,400 price mark, while altcoins are showing slight gains across the board. Market visualization. Source: Coin360 Bitcoin has shown little price movement in the last 24 hours, hitting an intraday high of $10,580 while stabilizing close to $10,400 for the last part of the day. At press time the world’s most popular cryptocurrency is trading at $10,381, down 1% on the day. Bitcoin’s 24-hour price chart. Source: Coin360 During the weekend, Bitcoin seems to have lost some…

eToro Senior Market Analyst Mati Greenspan revealed his favorite three cryptocurrencies to hold for the long term. | Source: Shutterstock; Edited by CCN eToro senior markets analyst Mati Greenspan isn’t one to mince words. When responding to a query on entry-level crypto investing, the portfolio manager didn’t hesitate to point out the top three cryptocurrency choices that are currently piquing his interest: Hi Paul. My top three favorite cryptos right now are BTC, LTC, & BNB. This is not trading advice. I don’t know the future. Also, my personal portfolio…

The United States Federal Reserve is not working on a digital currency of its own, said Fed Chair Jerome Powell. He said that cyber security issues are likely to deter central banks from releasing their own digital currency. However, reports suggest that China might launch its digital currency as early as Nov. 11. If the Chinese digital currency becomes a success, it will force other central banks to launch their own to keep up with the competition. There are several important events lined up in the next few months that…

From speculation about its inherent value to theories about it being the payment method of choice for criminals, cryptocurrency is having a tough time keeping a clean name. One of the most common accusations is that cryptocurrencies perpetuate the sale of illicit drugs, a view recently expressed by United States Treasury Secretary Steven Mnuchin. Cointelegraph takes a look at the impact of cryptocurrency on illegal drug sales and whether it should shoulder more of the blame than cash. U.S. government clamps down The watershed moment for the U.S. taking decisive…

Major cryptocurrency exchange Binance’s United States-based branch Binance.US will launch in the coming weeks, preceded by Know Your Customer (KYC) registration a few days earlier. According to a Medium post published by Binance.US on Sept. 6, while the launch of the trading platform itself is expected in the following weeks, KYC onboarding will start a few days earlier. The aim of this is to ensure that users will have time to verify their accounts and deposit their funds. KYC requirements To complete the onboarding process, users will be required to…

Blockchain technology will most likely be standardized by 2021, according to American business and financial services company Moody’s. Per the research report published on Sept. 5, these standards will probably be established in the blockchain industry by 2021 and will be positive for “future securitisations using the technology.” The company claims that this could result in time and cost savings, automation and faster data availability. Blockchain interoperability to come Furthermore, Moody’s Investors Service states that the industry standards could also bring better interoperability and other operational efficiencies. Senior research analyst…

Max Boonen is founder and CEO of crypto trading firm B2C2. This post is the first in a series of three that looks at high-frequency trading in the context of the evolution of crypto markets. Opinions expressed within are his own and do not reflect those of CoinDesk. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter for institutional investors focused on crypto assets. You can sign up here. Matthew Trudeau, chief strategy officer of ErisX, offered a thoughtful response last month to a CoinDesk article about high-frequency trading in crypto. In short,…

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